Please find attached the expected Forex News for Thursday 29th July 2010. Those highlighted in RED are news events to (more…)
GHTime Code(s): 3bb26Forex News Thursday 29th July 2010
Please find attached the expected Forex News for 28th July 2010. Those highlighted in RED are ones to be aware (more…)
GHTime Code(s): 317c8 6ca04Forex News Wednesday 28th July 2010
Please find attached the expected Forex News for Tuesday 27th July 2010. Note that all items highlighted in RED are (more…)
GHTime Code(s): 15c4d 85178Please find attached the expected Forex News for Monday 26th July 2010. There is not alot happening this Monday.All those (more…)
GHTime Code(s): c53de 7a081Please find attached below the expected Forex News for Friday, 23rd July 2010. All those highlighted in RED are items to be aware of. Times noted are in BST (London time).
Forex News Friday 23rd July 2010
Forex News Friday 23rd July 2010
Please find attached the expected Forex News for Friday 16th July 2010. All those highlighted in RED are ones to (more…)
GHTime Code(s): 4e991Forex News Friday 16th July 2010
Please find attached the expected Forex News for Thursday, 15th July 2010. Please be aware that the ones highlighted in (more…)
GHTime Code(s): 97cebHi Everyone, My wife, Nikki and I have just got back from spending a couple of days (more…)
GHTime Code(s): 3e5f0Please find attached the expected Forex News for Wednesday 14th July 2010. All thoese highlighted in RED are ones to (more…)
GHTime Code(s): a09b9Please find attached below the expected Forex News for Tuesday, 13th July 2010. Those highlighted in RED are items to (more…)
GHTime Code(s): cd882Please see attached chart for expected Forex News Thursday 8th July 2010. All those highlighted in RED are news events to be aware of. All times indicated on chart are in BST (Greenwich Mean Tim)
Forex News Thursday 8th July 2010
Please find attached below the expected Forex News for Wednesday, 7th July 2010. There is not alot out tomorrow. Those (more…)
GHTime Code(s): bf70cPlease find attached the expected Forex News for Tuesday, 6th July 2010. All those highlighted in RED are ones to be away of and last but not least, times are in BST (London time)
Forex News Tuesday 6th July 2010
Forex News Tuesday 6th July 2010
Please find attached the expected Forex News for Friday, 2nd July 2010. Those highlighted in RED are news events to (more…)
GHTime Code(s): f0fe0Please find attached the expected Forex News for Thursday 1st July 2010. All those highlighted in RED are items to (more…)
GHTime Code(s): ncForex News Thursday 1st July 2010
Please find attached the expected Forex News for Wednesday 30th June 2010. Those highlighted in RED are ones to be (more…)
GHTime Code(s): 2bcb1Forex News Wednesday 30th June 2010
The Yen was one of the big winners last week as the aforementioned FOMC Meeting as well as declines in global stock markets has led to buying demand for the “safe haven.” As such, if momentum continues, we could see the USDJPY and EURJPY challenge their 2010 lows. Nonetheless, the Yen’s strength though is expected to renew talk of government intervention which could sour the current momentum. Looking ahead, the Bank of Japan releases its Tankan Manufacturing Report late Wednesday. The report is expected to show ongoing strength taking place thanks to Japan’s healthy export market. Forex traders will be watching the reaction in the Japanese Nikkei Index following the report. A move lower in stocks could ignite risk buying in the Yen, while a rally in stocks may lead to Yen bulls taking profits and moving towards riskier securities.
The Pound has been in rally mode for the past few weeks as Forex traders have been warming up to the new UK Parliament. This was especially the case last week after the UK’s Budget Release. The budget calls for increased taxes and spending cuts which are aimed to reach £40 billion by 2015 – and eliminate the UK’s structural deficit. The news diminished worries of a credit rating cut to the UK and sent Government bonds and the Pound higher. As such, the GBPUSD is back around the 1.5000 level and has found plenty of buying support after any retracement. With traders approving of the new Conservative Party led government, eyes are expected to turn towards the Bank of England. As such, Forex traders will be watching key Housing and Manufacturing events this week. Better than expected economic results could lead the BoE to become more “hawkish” in their next MPC Meeting.
With attention on the Pound and Dollar last week, trading in the Euro was quiet. Euro bulls may be enjoying the calm in the markets but that hasn’t stopped the EURUSD from moving lower. Ever since being rejected at the 1.2450 resistance level, the EURUSD (as well as other Euro crosses) have been on the defensive. The move lower appears to be the result of skepticism towards EU austerity plans and potential economic growth. Also not helping was the FOMC Meeting where the US’s Fed seemed to fault the EU for the world’s current financial turmoil. With little news expected this week, we could see more of the same trading occur in the Euro.
